Bright Mountain Media, Inc. (OTC: BMTM), an end-to-end digital media and advertising services platform, today provided preliminary revenue results for the fourth quarter ended December 31, 2020.
The Company expects total revenues for the fourth quarter of 2020 to be at least $6.6 million, representing growth of 112% when compared to revenues of $3.1 million in the fourth quarter of 2020. The increase in revenue was primarily due to continued platform growth, including from the acquisition of the Company’s publishing division Wild Sky Media.
Revenues for the fourth quarter ended December 31, 2020 were in line with the Company’s previously announced preliminary full year 2020 financial results of approximately $16 million, an estimated 130% increase as compared to revenue of $7.0 million in the previous year.
Final recognized revenue is subject to Bright Mountain Media’s quarterly and year-end review and will be released with the Company’s unaudited financial statements and related 10-K report. Bright Mountain Media anticipates filing its 2020 Form 10-K later this month, which will be followed by its subsequent quarterly filings and application to relist to the OTCQB exchange.
“The expected revenue growth in the fourth quarter of 2020 demonstrates the successful integration of Wild Sky Media and the success of our leading end-to-end digital media and advertising services platform,” said Kip Speyer, Chairman and Chief Executive Officer of Bright Mountain Media. “We continue to work diligently to complete our year end 2020 financials and file our 10-K later this month.”
Check Out The New Martech Cube Podcast. For more such updates, follow us on Google News Martech News